Regulation 3

SCHEDULE 2 Amendments to the Electricity Capacity (Supplier Payment etc.) Regulations 2014

Regulation 2 (interpretation)

1.  In regulation 2—

(a) in paragraph (1) in the definition of “late payment interest”, omit “, unless specified otherwise,”; and

(b) in paragraph (8), after “by a working day” insert “, unless specified otherwise”.

Regulation 7 (capacity market supplier charge: mutualisation)

2.  Omit regulation 7(8).

Regulation 8 (penalty residual supplier amount)

3.  In regulation 8(3), for “26th” substitute “28th”.

Regulation 11 (payment of invoices and accruing interest)

4.  In regulation 11—

(a) in paragraph (1), for “5.00 p.m. on” substitute “the end of”; and

(b) omit paragraph (2).

Regulation 12 (non-payment of invoices: draw down of credit cover)

5.  In regulation 12(2)(a), before “the 9th working day” insert “the end of”.

Regulation 13 (payment of credit notes)

6.  In regulation 13(a)—

(a) after “than” insert “the end of”; and

(b) for “29th” substitute “33rd”.

Regulation 22 (reconciliation invoices and payment)

7.  In regulation 22(2), for “T‒16” substitute “the end of T‒14”.

Regulation 23 (draw down of credit cover)

8.  In regulation 23(1), for “by the date required under” substitute “in accordance with”.

Regulation 25 (reconciliation credit notes and payment)

9.  In regulation 25, after “than” insert “the end of”.

Regulation 30 (the credit default register)

10.—(1) For regulation 30(1) substitute—

“(1) The Settlement Body must maintain a register (“the credit default register”) which includes the entries on the register required by regulations 28(3)(a) and 29(2), including—

(a) the month to which an entry on the register relates; and

(b) whether or not the electricity supplier disputes that entry.”.

(2) In regulation 30(3)(d), for “credit cover was drawn down” substitute “entry was made”.